I see about 16 orders visible on mtgoxlive at the moment, all for about 4000 BTC each, distributed very evenly.

Assume for a moment that pirate defaults (whatever you may think about the situation).

It has occurred to me, that if the community writes a simple trading bot for pirate (or really, he could write it himself since it would be a very simple bot), maybe pirate could at least use his BTC to help stabilize the price.

He probably wants to sell a bunch of his BTC it anyway, and he could choose to sell off during sudden price spikes only, and keep the market depth reasonable.

The good that will come out of a Pirate default is that the Bitcoin economy will undoubtedly survive it unscathed, therefore once again proving that it's here to stay for the long term.

To those who believe in free markets, Bitcoin's history so far is a good example of how an unregulated transparent market actually learns and gains resilience from crises. As opposed to the "real world" crony fractional reserve moral hazard economy where crises and imbalances are swept under the rug until they get so large that they become structurally unfixable.

The good that will come out of a Pirate default is that the Bitcoin economy will undoubtedly survive it unscathed, therefore once again proving that it's here to stay for the long term.

To those who believe in free markets, Bitcoin's history so far is a good example of how an unregulated transparent market actually learns and gains resilience from crises. As opposed to the "real world" crony fractional reserve moral hazard economy where crises and imbalances are swept under the rug until they get so large that they become structurally unfixable.